A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Consumer Financial Protection Circular 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services".

Keep CFPB steering guidance for consumers

If enacted, this resolution would disapprove the CFPB rule that withdrew Circular 2024-01. That would render the CFPB withdrawal rule (90 Fed. Reg. 20084, May 12, 2025) without force or effect. The Circular (Consumer Financial Protection Circular 2024-01; 89 Fed. Reg. 17706, March 12, 2024) guides preferencing and steering by digital intermediaries for consumer financial products and services. If passed, consumers using online financial platforms would keep those protections, and digital platforms and financial firms would remain covered by the guidance.